Price for Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) in Lithuania - 2023

Contents:

  1. Price for Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) in Lithuania (CIF) - 2022
  2. Imports of Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) in Lithuania

Price for Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) in Lithuania (CIF) - 2022

The average import price for watches; complete movements, unassembled or partly assembled (movement sets) stood at $14 per unit in 2022, which is down by -14.7% against the previous year. In general, the import price, however, posted prominent growth. The pace of growth appeared the most rapid in 2019 when the average import price increased by 93% against the previous year. As a result, import price attained the peak level of $19 per unit. From 2020 to 2022, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Hong Kong SAR ($14 per unit), while the price for Japan stood at $14 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+1.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Imports of Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) in Lithuania

In 2022, supplies from abroad of watches; complete movements, unassembled or partly assembled (movement sets) decreased by -62.7% to 2.2K units, falling for the second year in a row after two years of growth. Over the period under review, imports faced a dramatic downturn. The pace of growth was the most pronounced in 2020 with an increase of 7.7%. As a result, imports attained the peak of 7.6K units. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of watches; complete movements, unassembled or partly assembled (movement sets) contracted markedly to $31K in 2022. In general, imports faced a dramatic decrease. The smallest decline of -13.3% was in 2021. Over the period under review, imports of attained the maximum at $137K in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Import of Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) in Lithuania (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Japan13564.196.217.8-49.1%
Hong Kong SAR0.423.00.812.9218.3%
China1.821.7N/AN/A1105.6%
Others0.13.0N/A0.10.0%
Total13711297.030.8-39.2%

Top Suppliers of Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) to Lithuania in 2022:

  1. Japan (1268.0 units)
  2. Hong Kong SAR (900.0 units)

Source: IndexBox Market Intelligence Platform

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Free Data: Watches; complete movements, unassembled or partly assembled (movement sets) - Lithuania